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The current account surpluses that have been accumulated over the years will be cushioning the blow of the global crisis in the region, he said.
Ms Jones said next month's mini-summit in Cardiff would examine ways of cushioning the blow - but stressed no new money would be available to help farmers pay for new equipment.
We are cushioning the blow to the 12 per cent of staff who will lose money by protecting basic pay until April 2010 - the maximum the law allows.